Price holding below descending trendline resistance. A short term intraday pullback below 1st resistance at 0.77771 towards 1st support at 0.77408 can be possible. Stochastic is approaching resistance where price reacted in the past as well.
Trading Recommendation
Entry: 0.77771
Reason for Entry:
78.6% Fibonacci retracement, descending trendline resistance
Take Profit: 0.77408
Reason for Take Profit:
78.6% Fibonacci retracement
Stop Loss: 0.77897
Reason for Stop Loss:
Recent swing high
